CBS MarketWatch (NASDAQ:MKTW) Message Board

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Technology Stocks : CBS MarketWatch (NASDAQ:MKTW)

MKTW 17.20

+3.6%

3:52 PM EST

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To: Ice Cube who wrote (422)	1/17/1999 11:18:00 PM
From: Bob Duncan	Read Replies (1) of 571

Ice Cube: Thanks for th perspective. I agree with you that under normal market conditions, with a normal stock, flipping would be a serious issue. However, I serious wonder how it is treated in the case of stocks like EBAY and MKTW. I flipped both because they both made, in my view, a lifetime gain in a single day. Certainly I was wrong on EBAY (I got out at around 50 and we all know where it is now) but may not be with MKTW. That said, if I get my hands in the future on a more traditional IPO, say one that opens up with a 5% - 10% premium I would without question not flip the shares. In fact I would be the ideal client in such a case as most of my portfolio is held for the longer term and I trade/speculate with no more than 40% of my total assets. At any rate, thanks again for the reply. I understand the need for flipping policies but I can't imagine underwriters a few years ago even imagined the short term performance of some of these internet issues.

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